Video Questions
1. What is pooling?
when two or more people pool their money together to invest in stocks and bonds. Usually it is a larger group which takes advantage of the knowledge and expertise of several people,
2. What was the Federal Reserve Board’s take on the booming stock market?
felt like they were stuck between a rock and hard place. they thought that the economy shouldnt be based on borrowed money.
3. What did the Federal Reserve Board do to prevent the crash?
raised interest rates
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
provided 25 million dollars in credit
5. What were the causes of the stick market crash based on the video?
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